A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.

January 24, 2008

I love this video from 2006. Adkins and Norman are so completely and arrogantly wrong, I don't know why anyone would EVER go to them for financial advice again. Their careers should be over, but I would guess that's already been taken care of.

A special note for Mike Norman: Sir, not only are you an as*hole, blowhard and a jerk, but you're a discredited hack who should never work in the financial realm ever again. You're toast.

A special note for Tom Adkins: Nice hair.

And to Peter Schiff - thank you, you are a man of patience and class to go up against ignorant yahoo's like these two and keep your cool.

You would think that after 2 years of arguing with Schiff they would recognize he was right...he is still right but those morons are saying the same thing. They were wrong in 2006 and they are wrong now.

Sadly America cant see this and the media and it's veiwers care more about whos gonna make American Idol or that Leath Hedger dude.

Goddamn, I can't even finish the video, those two fucks made me sick. BTW, who would buy a house from nuvo hippie with the greasy locks or super slick the dick douche that will not you even get a word in. Newsflash, since when does housing appreciate at the same rate of oil/other commodities that now have a larger worldwide demand? Hmmm. Let me see George, I used to pay $20 to fill my car, now it is $60, that must mean my house payment should go from $1,500to $4,500 in the same period of time. Great reasoning, wow, I mean wow man!!

Hey hippie and slick dick douche, want to buy some google, it will appreciate 300% this year. No no, nevermind the price, it will be over $2,000/share by year end. Think McFly, think! Shit is only worth the price people are willing to pay and not a penny more. Isn't this called "market value" what the market is willing to pay?? Housing drops because people have begun to realize that what covers their heads is not worth the asking price in the market today.

It would be great to see these guys on TV today being forced to watch their infantile and rude behavior during these past discussions, and then be taken to task for how wrong and incompetent they really were, and probably will continue to be.

Jigsaw's successor should punish them for their stupidity and arrogance -and for leading foolish people who respected them and listened to them to making bad financial decisions like buying a home.

They would be forced to listen to their own idiotic clips and use their own cash by burning it to heat a small fireplace in a commercial freezer for warmth. I don't know how they would atone in such a predicament.

Mike Norman, with his Brylcreem "power hold" hair, fake toilet-bowl white porcelain veneers and Jersey slurred speech is nothing but an animated pile of cancerous pus. Peter Schiff the great tolerates the rants of this mocking fool like only an OT prophet could. Mikey needs to go (slowly) head first into a wood chipper. Maybe satan would welcome him in his lair of mouth-foaming peons, but I think even the devil has some standards.

And Norman's not a bad guy compared to Tom Adkins! His every pore exudes the feebleness of a bed-wetting closet homosxual. Obviously he’s an over-indulged single child grown into a rat –man hustler that has never performed a single day of honest work in his life. This well-fed vermin's arrogance is only surpassed by his delusional ignorance. "Up 10% in a normal market" !!!??? How many sheep are suffering now because they listened to Akins and his 6% ilk? The vomitous river of lies that flows from his mouth is toxic waste that has undoubtedly broken up many a family, crushed many dreams, and destroyed many lives.

Work and discipline is required to raise a family and provide stability. Mr. chubby-cheeked Rock Star whose hair undoubtedly covers an earring should be summarily executed, his ill gotten gains given to an orphanage.

Last week, or earlier this week, was great with Tom Adkins mentioning hiring someone to clean his house is productive since his time is worth $2000 an hour so paying someone $20 is useful economic production (I think he was trying to rebut Schiff's America doesn't produce anything thesis).

A bit later Schiff adds a "don't worry Tom you can clean my house" to his prediction of a the economic disaster unfolding and massive wealth "loss" and unemployment.

And of course this week there entire response to Schiff has been "a stopped clock is right twice a day", as if he finally got lucky with a guess...

OMG... The Saw 5 comment had me snarfing my drink... thank you. best laugh I had in a week.

Adkins is just an idiot - plain and simple, but Norman seems a crook

I asked this the other day. Does anyone know what his claim to fame is? I know Cramer's is he was in an all cash position in 1987 at the crash. but I saw Norman's website and can't find anything - other than he was a "trader" once - BFD.... he once pushed some paper...

If you reunited Yanni, the slicked back hair asshole and Peter Schiff today they would insist that they were right and the only reason the housing market shit the bed is Peter Schiff's pessimism. That's how arrogant those pricks are... or is it were?